Indonesia PMI December 2018

Indonesia

Indonesia: Manufacturing PMI rises in December

January 2, 2019

Conditions in Indonesia’s manufacturing sector improved at a faster pace in December, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.4 in November to 51.2 in December. As a result, the indicator moved further above the 50-point threshold that seperates expansion from contraction in the manufacturing sector.

December’s uptick came on the back of stronger rises in production and employment, and a recovery in new orders. However, export orders continued to decline. On the price front, both input and output price inflation ebbed, thanks in part to the stronger rupiah.

According to Bernard Aw, Principal Economist at IHS Markit, “Growth in Indonesian manufacturing activity accelerated in December, to signal a positive end to the year. While the quarterly average for the final three months of 2018 was the weakest since the start of the year, other PMI indicators pointed to a brightening outlook for the sector in 2019.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 6.1% in 2019 and 6.4% in 2020.


Author:, Economist

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Indonesia PMI December 2018

Note: Nikkei Indonesia Manufacturing Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 indicate a contraction.
Source: Nikkei and IHS Markit.


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